Learn more about how I track my cash flow and business expenses so I can keep a close eye on my business finances.

1. How I Track My Business Cash
Flow and Expenses
Chuck Holmes
Network Marketing Professional

2. Disclaimer
• I’m not a CPA or financial advisor
• This is just my opinion
• Individual results will vary
• We can agree to disagree
Individual results will vary. (c) 2018
www.OnlineMLMCommunity.com
2

3. Individual results will vary. (c) 2018
www.OnlineMLMCommunity.com
3
How I Track My Business Cash Flow and
Expenses
• Today, I want to share some practical tips on how I track my business
cash flow and expenses.
• As a business owner, you must keep your finger on the pulse of your
business (the finances) at all times. You need to know how much
money is coming in and how much money is going out each month.
You need to know about taxes you owe, your company's debt levels,
accounts receivable, etc.
• I’ve found that most small business owners don't do a very good job
monitoring their company's books. Why? Because they are so busy
"running" their business they don't get around to it.

4. Individual results will vary. (c) 2018
www.OnlineMLMCommunity.com
4
How I Track My Business Cash Flow and
Expenses
• One helpful thing that I do is to keep a monthly profit and loss
statement on a MS Excel Spreadsheet.
• I update my spreadsheet on the first of each month (for the prior
month). I have my revenue and expenses broken down into categories
(according to the Schedule C 1040 Form), to make things simple.
• Once I update the spreadsheet, I know whether or not I made a profit
that month.
• I also analyze each expense to see if there are opportunities to reduce
or eliminate certain expenses.

5. Individual results will vary. (c) 2018
www.OnlineMLMCommunity.com
5
How I Track My Business Cash Flow and
Expenses
• In all, I spend about an hour each month updating my books and
analyzing my results. In my opinion, this is one of the most important
business activities I do each month.
• During the month, I keep track of all my business receipts in a drawer
in my desk. On the last day of the month, I sort my expenses by
category, place them in separate envelopes (for each category) and
total the numbers.
• Finally, I input the information into my profit and loss statement in
the Excel spreadsheet. Sure, you can use software too, such as
QuickBooks® or other small business accounting software.
• But, if you are just starting out, I recommend you keep things simple.

6. Individual results will vary. (c) 2018
www.OnlineMLMCommunity.com
6
Additional Tips
• If you're just too busy to do this yourself, you need to hire a
bookkeeper. Don't wait until tax time to try to figure out
where your business stands financially. By that point, it
might be too late.
• By no means do you need to use the same system that I do,
but please find something that works for you and stick with
it.

7. Individual results will vary. (c) 2018
www.OnlineMLMCommunity.com
7
Bottom Line
• Small business owners need to know their business
finances at all times.
• They should know their income, expenses, profit or
loss, cash flow, upcoming bills, debt, etc.
• You by no means need to do it all yourself, but you do
need to make sure it gets done!

8. Suggested Reading
• Managing the Money and Cash Flow in Your MLM
Business
• Knowing Your Business Numbers and Financials
• How to Reduce Your Small Business Expenses: Tips,
Strategies and Suggestions
Individual results will vary. (c) 2018
www.OnlineMLMCommunity.com
8

9. About Me
Chuck Holmes is a top producer in his network
marketing company, which specializes in natural and
organic products.
His company offers a free online marketing system
with capture pages and autoresponders.
Chuck gives his team members 200 free leads each
month and provides tons of training. The company
even has a postcard marketing system. Let’s connect.
(352) 503-4816 EST
chuck@onlinemlmcommunity.com
https://www.onlinemlmcommunity.com
Individual results will vary. (c) 2018
www.OnlineMLMCommunity.com
9